Product Blast w/e 31 Jul - Brilliant Solutions

LTVs steady but rates are still creeping up as lenders continue to fail to manage volumes through re-pricing or look for margin.

LENDER	CHANGE	DETAIL
Accord	CHANGES	Rate increases and product withdrawals but larger loans now available at high LTVs
Barclays	CHANGES	LIMITS IMPOSED
Halifax	INCREASES	Rates up for anything over 80% LTV.
Melton	CHANGES	PT's enhanced for intermediaries.
Nationwide	INCREASES	Rates up at 85% again.
Skipton	INCREASE	85% 2yr and 5yr fix rates up.
TSB	CHANGES	Rate increases on 2 and 5yr fixed and some withdrawals in high LTV.
Virgin	INCREASES	Increase in rates on 65% LTV 5yr Fix. Products Withdrawn.

Text summary to be inserted.

LENDER	CHANGE	DETAIL
BM Solutions	CHANGES	Minor changes, mostly rate increases.
Fleet	CHANGES	Updated details on product range
Leeds	INCREASES	Rates up
Foundation	NEW	80% BTL and EXCLUSIVES.
Melton	WITHDRAWN	Withdrawn consumer BTL, introduced holiday let and business BTL
TML	NEW	Reduced completion fees on a very competitive BTL range.
TMW	CHANGES	10yr Fixed withdrawn. Ltd Co rates up.
Virgin	INCREASED	BTL rate increases

LENDER	CHANGE	TYPE	DETAIL	MORE
UTB	NEW	Secured Loan	Improved unsecured credit criteria
Shawbrook	NEW	Secured Loans	85% LTV for employed and self-employed

This sector sees little in the way of genuine product rate changes and updates. Contact us for further information.

Contact us on [email protected] or complete the form below, & we will add you to the list for this campaign only. See our Use of Information Policies & our Terms of Business the which are available on our policies page.

INTERMEDIARIES ONLY

Office Hours: 09:00 – 17:30 Monday – Friday